Investment Summary

Exits Taverner Hotel Group Pty.

On October 26, 2005, invested in leisure company Taverner Hotel Group Pty. from Advent Partners

Investment Highlights
  • This is transaction in the Leisure sector.
  • This is transaction in Australia.

Investment Summary

Date 2005-10-26
Target Taverner Hotel Group Pty.
Sector Leisure
Sellers(s) Advent Partners
Deal Type Trade Sale

Target

Taverner Hotel Group Pty.

Victoria, Australia
website
Taverner Hotel Group is a portfolio of 34 pre-eminent leasehold hotels in Victoria, SA and NSW. Taverner venues include gaming, traditional and trendy bars and bistro lounges, TAB's and conference halls, caf├ęs and nightclubs, kids play areas and bistros/restaurants.

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Seller(S) 1

SELLER

Advent Partners

Melbourne, Australia

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 500M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Advent Private Capital is an Australian private equity firm focused on investing in privately owned, growing businesses, with strong management and sustainable competitive advantages. Advent looks to invest in businesses valued between $15 and $50 million AUS with operating profits of at least $2 million. Advent considers itself a generalist private equity firm with an expansive industry focus, however, the Firm has a history of targeting manufacturing and service-based businesses. Advent will not invest in property development, resources, primary production, listed companies, start-ups or early-stage transactions. Advent was formed in 1984 and is based in Melbourne.


DEAL STATS #
Overall 3 of 10
Sector (Leisure) 1 of 1
Type (Trade Sale) 1 of 1
Country (Australia) 3 of 10
Year (2005) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 Shape Australia Holdings Pty

St. Leonards, Australia

Shape Australia Holdings Pty Ltd. is a provider of high quality project management services in the Australian commercial fitout and refurbishment market, providing national coverage from offices in Canberra, Sydney, Melbourne, Brisbane, Adelaide and Perth.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 TR Pty

Victoria, Australia

TR Corporation Pty Ltd. is a short term renter and seller of scientific, test and measurement equipment, business and communications products.

Buy -